StoneX Group (NASDAQ:SNEX) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of StoneX Group (NASDAQ:SNEX) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Weiss Ratings upgraded StoneX Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Jefferies Financial Group increased their price objective on StoneX Group from $99.00 to $122.00 and gave the company a “buy” rating in a report on Monday, February 2nd. William Blair reissued an “outperform” rating on shares of StoneX Group in a report on Monday, March 9th. Finally, Wall Street Zen raised StoneX Group from a “hold” rating to a “buy” rating in a report on Sunday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.00.

StoneX Group Trading Up 1.5%

NASDAQ SNEX opened at $86.89 on Monday. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 19.45 and a beta of 0.42. The stock’s 50 day moving average price is $108.75 and its two-hundred day moving average price is $100.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.34 and a current ratio of 1.80. StoneX Group has a 52 week low of $45.58 and a 52 week high of $88.38.

StoneX Group (NASDAQ:SNEX) last released its earnings results on Wednesday, February 4th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.06 by $0.44. The firm had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $1.24 billion. StoneX Group had a return on equity of 16.43% and a net margin of 0.25%. As a group, analysts anticipate that StoneX Group will post 8.7 earnings per share for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, insider Mark Lowry Maurer sold 40,000 shares of StoneX Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.88, for a total transaction of $4,995,200.00. Following the completion of the transaction, the insider owned 90,331 shares in the company, valued at approximately $11,280,535.28. This trade represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Sean Michael Oconnor sold 40,000 shares of StoneX Group stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $124.95, for a total value of $4,998,000.00. Following the transaction, the chairman owned 854,127 shares of the company’s stock, valued at $106,723,168.65. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,125 shares of company stock valued at $14,983,688 in the last three months. Corporate insiders own 11.79% of the company’s stock.

Institutional Investors Weigh In On StoneX Group

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in StoneX Group by 2,109.1% in the 3rd quarter. Private Trust Co. NA now owns 243 shares of the company’s stock valued at $25,000 after acquiring an additional 232 shares during the period. Cornerstone Planning Group LLC raised its stake in StoneX Group by 4,133.3% in the 3rd quarter. Cornerstone Planning Group LLC now owns 254 shares of the company’s stock valued at $26,000 after acquiring an additional 248 shares during the period. Cullen Frost Bankers Inc. raised its stake in StoneX Group by 1,100.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 264 shares of the company’s stock valued at $27,000 after acquiring an additional 242 shares during the period. AlphaQuest LLC raised its stake in StoneX Group by 28,000.0% in the 3rd quarter. AlphaQuest LLC now owns 281 shares of the company’s stock valued at $28,000 after acquiring an additional 280 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in StoneX Group in the 3rd quarter valued at $37,000. Institutional investors own 75.93% of the company’s stock.

About StoneX Group

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.